Kraft Foods has agreed to a nine-year funding plan to top up Cadbury’s
deficit-stricken pension scheme.

The American group confirmed last night that it had agreed to underwrite the
scheme’s deficit and had already made the first payment of £30 million,
adding that further payments would be made up until 2019.

Kraft sealed its takeover deal to buy Cadbury for £11.6 billion ($17.6
billion), in February last year, after a bitter and controversial struggle.
Shortly afterwards, it told 3,600 Cadbury staff that they must accept a pay
cap after it discovered an obscure clause in the chocolate company’s pension
trust